Profit-Taking Activity Encourages Bursa Malaysia to Open Low

<p>&nbsp;Bursa Malaysia was lower at the opening of today's session after strengthening slightly yesterday as investors awaited more guidance from the Federal Reserve (Fed) on setting US interest rates.</p><p><br /></p><p>This morning, profit-taking activities pulled the local stock market to continue to open lower despite Wall Street's strong overnight performance.</p><p><br /></p><p>At exactly 4.30pm, the FTSE Bursa Malaysia KCI (FBM KLCI) rose by 2.33 points to 1,455.07 compared to Thursday's close of 1,452.74. The main benchmark index opened 0.74 points lower at 1,452.0.</p><p><br /></p><p><br /></p><p>Market sentiment was negative after registering 466 losers and 334 gainers. A total of 1.92 billion shares traded at a value of RM1.06 billion.</p><p><br /></p><p>The luxury index that suffered a decline was CelcomDigi which fell 10 sen to RM4.24, PETRONAS Chemicals fell 13 sen to RM7.09 and Nestle fell by RM4.20 to RM121.20.</p><p><br /></p><p>However, CIMB rose by 12 sen to RM5.77 following the positive results that came out yesterday. Public Bank also rose three sen to RM4.30 and Maybank also rose three sen to RM9.01.</p><p><br /></p><p>By sector, the Financial Services Index rose 96.35 points to 16,318.31, the Industrial Products and Services Index fell 0.93 points to 171.34, the Energy Index fell 3.57 points to 825.53 and the Plantation Index was down 47.92 points at 6,993.49.</p>